NewEdge Advisors LLC Acquires 8,735 Shares of Northrop Grumman Corporation $NOC

NewEdge Advisors LLC boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 49.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,383 shares of the aerospace company’s stock after buying an additional 8,735 shares during the quarter. NewEdge Advisors LLC’s holdings in Northrop Grumman were worth $17,999,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NOC. Kestra Investment Management LLC lifted its holdings in shares of Northrop Grumman by 4.4% during the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 15 shares during the last quarter. Evolution Wealth Management Inc. boosted its position in shares of Northrop Grumman by 6.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock valued at $134,000 after purchasing an additional 15 shares during the period. Golden State Equity Partners increased its stake in Northrop Grumman by 1.2% in the 4th quarter. Golden State Equity Partners now owns 1,337 shares of the aerospace company’s stock worth $762,000 after purchasing an additional 16 shares in the last quarter. Diversified Portfolios Inc. increased its stake in Northrop Grumman by 0.9% in the 4th quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company’s stock worth $1,020,000 after purchasing an additional 16 shares in the last quarter. Finally, South Plains Financial Inc. raised its holdings in Northrop Grumman by 1.8% during the 4th quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company’s stock worth $511,000 after buying an additional 16 shares during the period. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.6%

Shares of NYSE NOC opened at $571.06 on Friday. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00. The firm has a market capitalization of $81.11 billion, a PE ratio of 18.14, a PEG ratio of 3.68 and a beta of -0.11. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $534.89 and a two-hundred day moving average price of $617.00.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating the consensus estimate of $6.82 by $0.86. The company had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a dividend of $2.47 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. Northrop Grumman’s payout ratio is presently 31.39%.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Robert W. Baird set a $500.00 target price on shares of Northrop Grumman in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $653.00 price objective on shares of Northrop Grumman in a research note on Wednesday. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $655.30.

Northrop Grumman Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.